Focus on execution of corporate strategy propels company to
enterprise customer wins of increasingly larger systems

July 11, 2018 09:00 AM Eastern Daylight Time

WESTBOROUGH, Mass.--(BUSINESS WIRE)--ExaGrid®,
a leading provider of hyper-converged secondary storage for backup,
today announced record Q2 bookings and revenue for Q2 2018. ExaGrid grew
at a rate of 22% over the same quarter of the prior year, continuing its
trend of progressive growth at a faster rate than that of the overall
market and resulting in progressive market share gain. The company also
continued its up-market trajectory, attracting increasing numbers of
enterprise customers with hundreds of terabytes to petabytes of data to
be backed up.

“ExaGrid continues to drive up market with the most scalable backup
storage in the industry that can ingest up to a 2PB full backup into a
single system at 432TB/hr., which is twice the size of the Dell EMC Data
Domain DD9800 with 3X the ingest performance,” said Bill Andrews, CEO
and President of ExaGrid.

In addition to record Q2 bookings and revenue, ExaGrid:

was the proud recipient of Storage Magazine’s “Enterprise
Backup Storage Vendor of the Year” in the 2018 Storries XV Awards.
”We’re thrilled that our upmarket momentum into the enterprise is
further validated by Storage Magazine on behalf of many
thousands of voters,” said Andrews. The awards ceremony took place in
the UK, where ExaGrid hosted Arrow, Computacenter, Fortem IT, S3
Consulting, and Softcat. Fortem IT’s CEO Steve Timothy said of
ExaGrid, “Congratulations on the well-deserved Enterprise Backup
award. We look forward to our continued joint success.”

continues to expand its worldwide presence with the opening of
additional inside sales offices in the U.S. and Dublin, Ireland as
well as field sales teams in Australia, Dubai, Poland, Israel, and
Mexico. ExaGrid is also adding field sales teams in Switzerland,
Spain, Italy, South Korea, Taiwan, and Hong Kong.

had many key global customer wins over the quarter; a sampling
includes:

A large U.S.-based children’s hospital replaced its Avamar/Dell
EMC Data Domain solution with ExaGrid and Veeam after a POC
process.

ExaGrid and strategic alliance partner HYCU replaced Rubrik at a
major oil and gas producer in Malaysia.

A Middle Eastern insurance company, a UAE university, and a
leading South African law firm all replaced their straight disk
backup storage with ExaGrid due, in part, to its superior
deduplication ratio, lower cost, and unmatched integration with
Veeam.

An IT services firm in France replaced the straight disk in its
cloud with ExaGrid, which allows it to fully leverage and maximize
all of Veeam’s features, particularly Veeam’s Scale-Out Backup
Repository (SOBR).

“Backup data is growing in excess of 30% year-over-year in larger IT
organizations, and retention periods continue to lengthen due to legal
discovery, financial audits, and other regulatory requirements,” said
Andrews. “These organizations continue to hit the wall with traditional
scale-up storage architectures using inline deduplication that result in
slower backups, slower restores, and an ever-expanding backup window.”

Unlike first generation deduplication solutions that were either built
into a backup application media server or into a scale-up storage
appliance, ExaGrid delivers the backup industry’s only true scale-out
architecture with data deduplication. It is typically half the cost of
the large brand solutions and also improves backup and restore
performance by combining zone-level deduplication, adaptive
deduplication, global deduplication, and a unique landing zone.

As the market matures, customers are understanding the performance
degradation that data deduplication can have on backup unless a solution
is intentionally architected to prevent any such impact. All
deduplication solutions reduce storage and WAN bandwidth to a degree,
but only ExaGrid solves the three inherent compute problems to achieve
faster backups, restores, and VM boots by leveraging its unique landing
zone, adaptive deduplication, and scale-out architecture.

“First generation deduplication solutions can be cost prohibitive for
backup storage and are also slow for backups, restores, and VM boots,
which is why over 80% of ExaGrid’s newly-acquired customers are
replacing Dell EMC Data Domain, HP StoreOnce, Commvault Deduplication,
and the Veritas 5200/5300 series of appliances with ExaGrid,” Andrews
said.

All backup storage vendors reduce storage and bandwidth to varying
degrees but provide slow ingest rates because they perform data
deduplication ‘inline.’ In addition, because they only store
deduplicated data, restore speeds and VM boots are also very slow.
Because ExaGrid has eliminated the three compute challenges inherent to
backup storage with data deduplication, ExaGrid’s ingest rate is six
times faster - and restores/VM boots are up to 20 times faster - than
its closest competitor. Unlike the first generation vendors that only
add capacity as data grows, ExaGrid appliances add compute with
capacity, ensuring that the backup window remains fixed in length. Only
ExaGrid uses a scale-out architecture with a unique loading zone, which
holistically addresses all of the scalability and performance challenges
of backup storage.

ExaGrid’s published customer
success stories and enterprise
stories number over 350, more than all other vendors in the space
combined. These include a two-page narrative and customer quote,
demonstrating how satisfied customers are with ExaGrid’s unique
architectural approach, differentiated product, and unrivalled customer
support. Customers consistently state that not only is the product
best-in-class, but ‘it just works.’

About ExaGridExaGrid provides hyper-converged secondary
storage for backup with data deduplication, a unique landing zone, and
scale-out architecture. ExaGrid’s landing zone provides for the fastest
backups, restores, and instant VM recoveries. Its scale-out architecture
includes full appliances in a scale-out system and ensures a
fixed-length backup window as data grows, eliminating expensive forklift
upgrades. Visit us at www.exagrid.com
or on LinkedIn.
See what ExaGrid
customers have to say about their own ExaGrid experiences and why
they now spend significantly less time on backup.

ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other
trademarks are the property of their respective holders.